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Search Results 0 to 49 of about 100 (some duplicates have been removed)
MSNBC
Jul 11, 2011 5:30am EDT
or not our political system, whether the leaders can get together, whether they can solve big problems or are they just going to kick the can? if you look at the statements of the rating agencies who have questioned the fiscal soundness of this country, it's about our political system, not being willing or able, seemingly, to take on big tasks. >> the president may be confident about a larger plan but senate minority leader mitch mcconnell, one of the key lawmakers involved in negotiations says he thinks a $4 trillion deal is off the table. >> everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> after last night's white house meeting, house minority leader nancy pelosi said democrats are still hopeful for a large bipartisan agreement as long as it does not do harm to the middle class. and aides to john boehner says the speaker now believes the cuts outlined by vice president biden's bipartisan gro
NBC
Jul 11, 2011 4:00am PDT
% in the second quarter from a year ago. jpmorgan chase will be the first of the big banks to report on thursday. results from top tech player google are also expected thursday. also this week, investors will eye fresh economic data, starting with may's trade deficit on tuesday. also tuesday, minutes from the federal reserve's june meeting. wednesday, fed chairman ben bernanke delivers his biannual testimony to congress. retail sales and june's producer price index comes out thursday. and june's consumer price index is released friday. >>> elsewhere, precision cast parts says it has agreed to buy primus international for $900 million in cash. >>> reuters reports there's an emergency meeting in europe this morning over the debt crisis. they're now possibly spreading to italy. the region's third largest economy. friday italian stocks and bonds tumbled in a massive sell-off. >>> and finally, according to a new survey of college students and graduates, health insurance is the new love potion. 90% of surveyed students and 93% of recent grads said knowing a potential partner has health insurance would
CNN
Jul 11, 2011 4:00am EDT
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
CNN
Jul 11, 2011 10:00am PDT
to bring in white house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would
MSNBC
Jul 11, 2011 6:00am EDT
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
PBS
Jul 14, 2011 5:00am EDT
carry out india's worst militant attack since 2008? big dreams from a tiny island. one of the world's smallest countries hoping for olympic success. hello. it could be another landmark moment in the phone-hacking scandal. we should know very seen whether the media tycoon rupert murdoch has agreed to be questioned by members of british parliament. his son, james, and rebecca brooks have also been invited to appear before the hearing. we can go live to westminster. it feels like we're on the deadline hour for learning whether rupert murdoch is going to say yea or nay to appearing. i don't suppose many are expecting him to say oh, go on then. >> i don't think so. for one thing, the parliamentary committees do not have the same powers as congressional committees and certainly they cannot force foreign citizens like rupert and james murdoch to appear before them. there is even a question mark over whether they can really force rebecca brooks, who of course is a british citizen to appear. if anyone buzz does of the three, it is thought that perhaps she will be the most likely. the lawyers
CNN
Jul 14, 2011 2:00am PDT
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
MSNBC
Jul 12, 2011 6:00am EDT
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
CNN
Jul 7, 2011 1:00am PDT
to the start of wall street, u.s. futures to a pretty healthy open. it's in the shadow of the big jobs number out tomorrow. >> indeed. we'll have to see what difference this makes. now, in the u.k., an enormous story, really, that is shaking the government in some ways. certainly putting the prime minister under pressure in parliament. police are theying there will be a full investigation into new hacking allegations, into "the news of the world." it's a sunday newspaper. advertisers are turning their backs on the u.k.'s most popular sunday read. the tabloid stands accused of hacking into the phones of a missing schoolgirl that was later found dead. as well as relatives of the 2005 london bombings six years ago. and the families of soldiers killed in iraq and afghanistan. revelations have made waves across the u.k. and even led to a debate in parliament. and definitely in that debate, i think it's fair to say that the prime minister at times looked very much to be on the back foot. >> he seemed to be. very close with the former editor of "the news of the world." shareholders also getting out
WHUT
Jul 12, 2011 7:00am EDT
about him. i think the privacy of young children is a big issue. >> hell do you think that your son's medical condition, -- how do you think that your son's medical condition, cystic fibrosis, was leaked out? >> i have never talked publicly about his condition, and obviously we wanted that to be kept private, for all the obvious reasons that you want to do the best buy your children. i have never complained about what happened to me before, but the truth is information did come all. i was approached by a the "sun" newspaper. they told me they had this information about his condition and that they were going to run this story. >> how did that affect you as a father? >> in tears. your son is going to be broadcast across the media. sarah and i are incredibly upset about it. we're thinking about his long- term future, thinking about our family. but there is nothing you can do about it. you are in public life. you do not know how it has appeared, i have not questioned it, make any allegations or claims, but the fact is he did appear, and it did appear in "the sun" newspaper. >> i think i
FOX
Jul 11, 2011 7:00am EDT
and increase the nations borrowing limit. >> everything they have told me and the speaker is to get a big package would require big tax increases in the middle of an economic situation extraordinarily difficult 9.2% unemployment. it is a job killer. >> we need to do something very big, substantial to bring long term debt down overtime we have to do that in a way that is good for the economy. >> reporter: of course there is a difference in opinion what is exactly good for the economy, house speaker john boehner said look the republicans are not going to agree on any package that includes any increases in taxes therefore the republican package is $2 trillion where as the deal the president has been pushing is a $4 trillion deal we should learn more at the press conference scheduled here at the white house 11:00 a.m. >>> three small planes in three separate incidents had to be intercepted by fighter jets this weekend each plane flew too close to camp david. the first around noon saturday another later that night the third happened late yesterday morning in every case the planes landed withou
ABC
Jul 4, 2011 2:05am EDT
. here's abc's chris bury. >> reporter: in minnesota state parks, the big holiday weekend is a big bust. campers looking forward to a getaway were told instead to get lost. >> well, it's ridiculous. >> it's sad. >> it should never get to that. >> reporter: the closed parks a casualty of the state's budget crisis. so many services arehut down. even industries like logging are grinding to a halt because those trees are on public property. in all, 25,000 state workers laid off.. at the capitol, now closed to the public, minnesota's democratic governor and republican leaders could not agree on fixing a $5 billion budget gap. >> i'm not getting an income now. i don't think any of them should think it necessary for them to have an income either until this is settled. >> reporter: minnesota is the first state to actually shut down much of its government. but many others from new jersey to california are also making painful cuts. at this state park near minneapolis, k ken johnson had planned to spend a week camping with her family. getting ejected left her fuming. >> i think the government need
CNN
Jul 12, 2011 6:00am PDT
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
CNN
Jul 28, 2011 2:00am PDT
higher. the ftse and the dax are both down. sony is reporting big losses. let's go to kyung lah, live in tokyo. good morning, kyung. >> reporter: good morning, ali. it's not just sony but it is a bad day in a lot of boardrooms and many of the electronics companies here in japan. we saw a lot of reporting of the quarter from april to june. sony posted a loss of 191 million u.s. dollars. panasonic, down 390 million. sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s
CBS
Jul 30, 2011 8:00am EDT
the crunch day is actually august 3rd, that's the day when the government has a big $23 billion social security payment and it has between $10 billion and $12 billion in tax revenue coming in. i think the really big issue for the treasury is going to be how it distinguishes between, if you will, paying back the money it already owes, paying back the government bond holders, and paying its ongoing running costs, things like social security, medicare, medicaid, military salaries and so forth, and i think the betting is that the government will put, will give a priority to paying the bills it already owes, to paying the bond holders, simply because if you don't do that, you go into massive default, and the whole global financial system i think really starts getting shaky, but not paying some of the big government commitments within the united states, that's going to get painful pretty fast. >> not paying the social securitys, the medicares, the medicaids of the world or even our defense budget that's as big of an issue for many in many mind as defaulting on our debt which would be a nonpa
CNN
Jul 11, 2011 6:00am PDT
. one of the things that they're considering is blocking this big deal, takeover bid by rupert murdoch of british sky here. people don't want to see that deal go through, kyra. >> we'll continue to follow that story. i have a feeling a lot more is going to break, it's just starting to unfold. zain, thanks. >>> trying to broker a deal. in less than two hours from now, he will turn to the public with a news conference. dei dan lothian joins us from the white house. >> reporter: medicare and social security they don't want touched by this deal and on the other side, republicans are saying no tax hikes at all. you're seeing the president using his bully pulpit, if you will, for the second time now in as many weeks, the president holding a press conference, a chance to try to get both sides to sit down and hammer out an agreement and spell out what the consequences will be if that debt ceiling isn't raised by august 2nd. the president, aides tell me, will continue to push for what's being called that bigger deal, up to $4 trillion in spending cuts and also tax hikes. the reason for that is
CNN
Jul 13, 2011 2:00am PDT
? >> they are being called to testify in parliament. the big story today is that the political parties are all going to get together, go to parliament and they're all agreed to support a motion that rupert murdoch, his bid to acquire bskyb, the cable operator here, should not go through. that is really rare, ali. it's not legally binding. who knows if he'll care or take notice. the other big story making news here is that the senate commerce committee chairman jay rockefeller is calling for an investigation saying, look, if "news of the world" was hacking u.s. citizens and 9/11 victims. he says this should be taken seriously and there should be an investigation. the big topic on that is how much is it going to affect rupert murdoch's empire in the u.s. as well? >> costing a lot of money in the stock. cost the stock about 14%, more than $7 billion since this really thickened about a week ago. let's talk about this former survivor producer facing expedition to mexico on a charge he murdered his wife. >> right. a judge basically said there was enough evidence to send him back to mexico to face trial, r
NBC
Jul 18, 2011 7:00am PDT
by natural disaster and nuclear calamities a big reason to smile, "today," monday, july 18th, 2011. captions paid for by nbc-universal television >>> welcome to "today" on this monday morning. i'm ann curry. >> and i'm lester holt in for matt. i think we both watched that match yesterday. you've got to feel good about the u.s. team. we were disappointed, but what a performance they put on and what a great thing they did for american soccer. >> that's right. for women's soccer, particularly, bringing it to a new level of cool. men and boys, women and girls, nationwide, watching them play. i think that they're winners in that regard. >> and the japanese certainly have something to feel good about after a really rough year. and i love the fact they thanked the world for the support they have had. >> and they continue to thank, actually, after every game. so it's a pretty exciting bit. >>> in the meantime, another major story, the fact of this heatwave. millions of americans are sweltering in this dangerous heat and humidity today. how long will it last? how bad will it be? well, al has the fore
CNN
Jul 13, 2011 1:00am PDT
, it could be too big to fail. >>> nina, we're also seeing investors flee to the safe haven of the yen. it has broken that 80-yen mark but weakening just slightly from yesterday at 79.63. china announced a higher than expected gdp figure for june which eased worries about an abrupt slowdown in the economy. but the debt crisis in europe is still keeping many investors on the sidelines. ramy inocencio is here with a look at asia's closing numbers. >> the gains across the region were pretty good yesterday. the meek kay closed up .4%. credit suisse gave them on out performed rating over here in hong kong, the hang seng closed up a little over 1% here. that's off its worst two-day decline in 17 months. the catalyst here was that better-than-expected gdp number out of the chinese main land. on the mainland the gdp number was 9.5% for june. what was expected was 9.4%. with that the composite rose 1.5%. that was helped by good news from agricultural bank of china after saying its first half net profit would rise by nearly 50%. going down under, the asx rose nearly half a percent. that was prop
CNN
Jul 21, 2011 1:00am PDT
that we have to have the big bang here in brussels. europe has to speak with one voice. they have to come up with a grand plan. even if it's not today. but they have to have steps today about, for instance, do they tax the banks here in europe to get more money to give to greece? do they allow this efsf, the current fund that's helping to bailout greece and ireland. do they allow that to be more flexible. it's complicated. but the point is, people want to see firepower. want to see that the politicians are thing as much as they can that make sure that the euro survives. and make sure there isn't an attack on the bond markets. so, we want to see a lot of words coming out of here. then, see some actions. it will be really interesting. it could be all day. we could be here late into the night to see if they can have common agreement on these two very important issues. >> jim, we should talk about the banking sector and how this affects some of europe's largest banks that are heavily exposed to sovereign debt. of all of the 17 nations that share the euro. there are proposals for them to be ta
CNN
Jul 12, 2011 4:00am EDT
and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really this is touching off fears of a broader financial crisis and don't let's forget the whole situation of the biggest slowdown in the world economy since the 1930s started with the financial crisis and now the worry is with he might go there again. at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25%. we
MSNBC
Jul 12, 2011 5:30am EDT
or not the italian banks have enough cash on their balance sheets. we've seen quite a big turn-around in the market. many stocks opening lower by as much as 5% to 10% and now trading in positive territory after the finance minister, the economy minister is heading back to rome from brussels and will be looking at the austerity measures and pushing them through. >> we know yesterday the dow down 151 points, the biggest drop in over a month. thanks so much for bringing us up to speed, we appreciate it. >>> else where, hundreds of syrian government protesters stormed the u.s. and french embassies in damascus, the protesters smashing windows and spray-painting walls with obscenities aimed at the american ambassador. guards at the french embassy fired into the air to ward off the demonstrators there. some warning shots. the violence and tension follow as visit by the american and french ambassadors to the city of hama, stronghold of opposition to the president. during a joint press conference at the state department, secretary of state hillary clinton warned assad about inciting future attacks. >> presi
CBS
Jul 12, 2011 6:00am PDT
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MSNBC
Jul 12, 2011 12:00pm EDT
>>> good day. i'm in for con tesz ya brewer. we're covering the big news from coast to coast. the hot topic is just that. we're talking about the sorching summer heat. >> beautiful weather out there if you love heat and humidity. today will be the hottest and most humid day of the summer. >> today? >> look at the numbers. right up into the triple digits. >> dallas has been baking in 100 degree temperatures for ten straight days. >> horrible. horrible. >> near hudson, texas, it's not the heat or the humidity, that's the drought. >> oouf never seen it like this. >> across the south temperatures are soaring and water levels are sinning. it's so bad a south georgia man is sharing the water from his pool. >> we're carrying buckets of water back and forth to the neighbors. >> in the midwest oppressive heat claimed one life. a man found dead inside his mobile home on sunday, the air conditioner wasn't working. >> this is oppressive and dangerous heat affecting more than 20 states and more than 90 million people. >> there are heat advisories or warnings in 24 of the 48 lower states.
CNN
Jul 11, 2011 2:00am PDT
especially in chicago and detroit. the big culprit. thunderstorms. major delays possibly other an hour. flight delays. that is not flight congestion. that is flight constipation. that is horrible. backups in miami and tampa. >>> meanwhile, again, the heat will continue through much of the nation's midsection all the way up in parts of the central plains, northern plains. scattered storms across the four corners after it gives a few delays in parts of the southeast as well. ali, let's pitch it right back to you. >> reynolds, thank you so much. good to see you. >>> i want to bring you up to speed on the movie "transformers." "transformers" continues to crush the box office competition. see how it stacks up against its competition when we come back. couldn't resist making this the quote of the day. guess who said this, quote, didn't resist arrest. i'm in a neck brace. how am i going to resist arrest? i'll tell you right after the break. ♪ [ doug ] i got to figure this out. i want to focus on innovation. but my data is doubling. my servers are maxed out. i need to think about something e
CNN
Jul 13, 2011 3:00am PDT
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
CNN
Jul 21, 2011 3:00am PDT
no sizable progress to report on moving forward on a big deficit reduction plan that includes massive spending cuts, tax reform and entitlement reform, tax increases. so you can see here the clock is ticking and the end game here still very unclear. >> this thing just keeps on developing and you hear hopefulness and then schedules. you will keep us posted when you hear there's actually some kind of timeline we have to figure out whether we are going to have money to pay our bills on august 3rd or not. >> after two days of explosive hearings in the uk phone hacking scandal, relatives of 9/11 victims in the u.s. are now saying they will be meeting with attorney general eric holder soon. they asked for the meeting one-on-one since the fbi started investigating allegations that "news of the world" hacked the phones of survivors, victims and their families. the meeting has yet yet been set. >>> rupert murdoch is back in the united states. he and his wife returned to their new york home yesterday. there is a lot on rupert murdoch's plate. news corp. is facing an fbi investigation and at lea
CNN
Jul 19, 2011 2:00am PDT
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PBS
Jul 12, 2011 7:00pm PDT
this big high pressure system covering japan. so we're looking at intense sunshine again. but with the heat of the day, we'll certainly be seeing some sporadic afternoon showers. across china, showery weather for northeastern china, and then we've got this very long seasonal rain band affecting the korean peninsula. could get quite intense for you again, north korea as well as jiangsu and an hui, as much as 100 millimeters. flooding is going to be a big, big concern as it has been raining for days. then down towards the southern end of china it remains fairly unsettled. in and around guanxie, hainan island, plenty of showers to be had across indo china as well. 25 degrees in chongqing today. seoul 25, another rapy day. and tokyo is going to be hot and steamy at 32. now we head into north america. very long frontal system impacting north america. today we've got lots of showers developing here across the lower midwest, the plains states up towards the northern rockies. particularly severe near this low pressure system from montana and across illinois as well. significant rain to be found fro
PBS
Jul 12, 2011 2:30pm PDT
every problem. that created problems for him. >> this is for the big attacks, like suicide attacks. are two major suicide attacks on me -- on my office -- there were two major suicide attacks me -oe -- on my office. >> are they still happening? >> taliban pou >> he came under fire from his allies -- taliban. >> he came under fire from his allies, too. there are reports that you support the taliban. >> that is in the past. >> never he did, -- whatever he did, ahmad wali was the point man for the allied forces. >> for more on the power vacuum the assassination leaves, i am joined by david ignatius. thank you for joining us. with ahmad wali karzai gone, who will fill his shoes? >> we do not know yet. the key strong man in this area of kandahar has been ahmad wali karzai. he said that wali karzai, who has been such a problem for the u.s. and coalition -- a corrupt or lower, -- corrup warlord -t d -- with him gone, they will look for somebody else, but it is not likely they can fill the role quickly. >> why did he say they worked too closely -- he worked to closely with the taliban? >>
NBC
Jul 24, 2011 8:00am EDT
shooting massacre in memory. at least 85 murdered. >> he was going around killing people like it was no big deal. >> he was just shooting everyone. he wasn't thinking. it was like a nightmare. i don't believe this is true. >> reporter: police said the suspect hunted the victims ages 12 to 19, shooting them for 90 minutes. but when police finally arrived, this is his moment of surrender, no resistance. he had no police record. >> we have not arrested him before on anything like that. >> reporter: police say in may, the suspect bought six tons of fertilizer, similar to the kind tim thi mcveigh used in oklahoma city. it may have been used to make the bomb. after setting off the car bomb that killed seven in oslo's central square, the suspect drove to the island less than an hour away dressed as a policeman. he told the teenagers, he needed to protect them after the oslo bombing. he gathered them close, and opened fire. >> the reason i thought it was a game or, i don't know, something else, was like not high sound, but silenced or something. like fireworks. >> reporter: as they fled through the
ABC
Jul 25, 2011 7:00am EDT
increase. >> that's the big deal. you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. so the republicans are coming up with their plan, which would include about $1 trillion in cuts now. it would require the president to come back to congress next year to ask for another debt ceiling increase. >> that's the huge sticking point for the white house. the president has made it clear time and time again that he won't sign a short-term increase. he squashed it at the meeting last night. >> republicans leaders have said that as well. they didn't want any short-term solution to this problem. they changed their tune on this. white house said that speaker boehner needs to stand up and pursue one of the paths that's out there. lot of those same gimmicks in savings from future wars are in the republican budget, the paul ryan budget. george? >
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